NQ Possible scenario

3 Eyl 2020

I don't expect the market to completely tank, it probably whipsaws sideways this month.

Overlay for a possible scenario...

Just remember that the market bounces when oversold so don't chase it too far (everyone predicting a huge tank has gotten burned the past few months)

3 Eyl 2020

Not

Wow, did not expect that today. Lost the trendline without a fight and dropped all the way down to the next one. RSI hit oversold, but MFI didn't.... yet

4 Eyl 2020

Not

MFI severely oversold, looks like we get a bounce